The term chosen matters as much as the lender. A 5-year fixed rate locks in certainty for the standard 25-year amortization most buyers use, while a variable rate moves with the Bank of Canada's overnight rate and can be lower or higher depending on where the cycle sits when you close.
Canadian mortgages also compound semi-annually rather than monthly, which is a structural difference from how American mortgages are calculated, so a rate quote here is never directly comparable to one seen on a US site.
Joel Dyck works with local mortgage brokers who can get you an actual rate quote before you make an offer. Get your hand-reviewed valuation from Joel Dyck.